Japan cancels meeting with US after call for more defense spending

Japan has cancelled a trade meeting with the US, according to the FT. The move came after the US asked Japan to boost defense spending to 3.5% of GDP.

This report might be responsible for some of the selling in stocks in the past few minutes. At some point the market will shift its focus back to trade and the signs lately haven’t been great.

This article was written by Adam Button at www.forexlive.com.